Reported about 2 months ago
US stocks are nearing all-time highs, with investors awaiting upcoming comments from Federal Reserve Chair Jerome Powell. Dryden Pence from Pence Capital Management highlights that earnings growth will stem not just from the 'Magnificent Seven' stocks but from a broader market rebound. He notes that the economy has significantly expanded since the pandemic, suggesting that the current market highs are justified given rising corporate profits and consumer spending.
Source: YAHOO